- The ASX 200 began the week on a negative tone, ending the day 0.9% lower to 5,232 on a low volume session.
- Most commodities dragged, led by the Energy Sector – Woodside Petroleum (WPL) closed 1.8% lower at $32.02, while Oil Search (OSH) ended 4.2% lower at $7.34. Today, subscribers received a live alert on a switch in this sector.
- Although the Materials sector outperformed the broader market, they were also hurt. The majors, BHP Billiton (BHP) lost 0.9% to $25.6 and RIO Tinto (RIO) down 0.7% to $54.81. While Fortescue Metals (FMG) was the clear winner, up 5.3% to $2.40.
- With the US Bond markets closed tonight, another safe haven asset (gold) closed higher – Newcrest (NCM) up 1.5% to $14.71 and Regis Resources (RRL) up 8.1% to $2.00.
- The Banking sector didn’t help, with the big four banks down for the day and Commonwealth Bank (CBA) down 1.2% to $74.65.
Best Sector – Materials
Worst Sector – Energy
Winners
Regis Resources Ltd (RRL) +$0.15, or (+8.1%) to $2.00
Fortescue Metals Group Ltd (FMG) +$0.12, or (+5.3%) to $2.40
Metcash Ltd (MTS) +$0.045, or (+3.6%) to $1.31
Transfield Services Ltd (TSE) +$0.04, or (+3.6%) to $1.165
Losers
Southern Cross Media Group Ltd (SXL) -$0.04, or (-3.8%) to $1.00
Oil Search Ltd (OSH) -$0.32, or (-4.2%) to $7.34
Dick Smith Holdings Ltd (DSH) -$0.065, or (-4.4%) to $1.40
Blackmores Ltd (BKL) -$8.99, or (-6.4%) to $132.58
Please note this is our personal TECHNICAL opinion of markets and "General Advice" taking no account of individual’s circumstances.
All figures contained from sources believed to be accurate. MarketMatters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 12/10/2015. 4.16PM.
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